Live: ASX to open lower as the price of oil plunges

The Australian share market is set to open lower in morning trading after mixed results on Wall Street, with the price of oil plunging more than 9 per cent.Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Tue 28 Jul 2026 at 7:16amTue 28 Jul 2026 at 7:16amMarket snapshotASX 200 Futures: -0.3% to 8,818 points Australian dollar: +0.01% to 69.90 US centsWall Street: S&P 500 +0.02%, Dow +0.5% Nasdaq -0.3%Europe: Dax +1.0%, FTSE +0.4%, Eurostoxx +0.02%Spot gold: +1.0% to $US4,092/ounceOil Brent Crude: -9.3% to $US87.78/barrel Iron ore: -0.6% to $US97.60/tonneBitcoin: -0.1% to $US64,839Prices current at around 7:15am AESTTue 28 Jul 2026 at 7:35amTue 28 Jul 2026 at 7:35amMichele Bullock to speak this afternoonOn the agenda today is a speech from the governor of the Reserve Bank of Australia Michele Bullock.That is set for 1:05pm AEST at the annual Anika Foundation fundraising lunch in Sydney.With the next RBA meeting about two weeks away, economists and households alike will be listening in to see if she signals another possible rate rise.Tue 28 Jul 2026 at 7:22amTue 28 Jul 2026 at 7:22amASX to open lower Good morning everyone and happy Tuesday.Business reporter Adelaide Miller here to guide you through the morning on the markets blog.We'll cover the latest business, finance and economic stories from around the world.To start with, the ASX is set to open lower in morning trading after its strongest close in six weeks yesterday. ASX 200 Futures is pointing down -0.3% to 8,818 points.That's after a mixed close on Wall Street (I will provide a breakdown shortly).But for now, grab yourself an extra large coffee and see you back here soon!